It was found that the soaring sentiment for buying apartments in Seoul has been waning after the government announced measures to supply 2·4 housing.
Buying sentiment seems to have slightly weakened due to the government's continued supply signals and fatigue from soaring prices, but the opinion is that it is cautious to accept this as a sign of a full-fledged decline in house prices.
According to the Korea Real Estate Agency, this week (as of the 22nd survey), the apartment sales and demand index in Seoul was 109.8, down 0.8 points from last week (110.6).
This index is an index of supply and demand by analyzing member brokerage surveys and the number of Internet listings. The closer to '0', the more supply is than the demand, and the closer to '200', the more demand is than supply.
The Seoul apartment sales and demand index continued to fluctuate over the past year and then rose to 100.2 in the last week of last November, surpassing 100 to 10 consecutive weeks until the second week of this month.
The index, which climbed to 111.9 in the second week of February, the highest since July last year, fell to 110.6 in the third week of February, and then fell to 109.8 in the fourth week of February, falling for the second consecutive week.
A real estate official said, "After the 2nd and 4th measures, the Seoul apartment sales and demand index has been falling, but it is still at a high level of around 110, so it is unreasonable to say that the countermeasures are appearing in earnest."
The apartment sales and demand index in the metropolitan area reached 118.8 in February 2, the highest since July 2012 when the real estate agent started this survey, and then fell 0.6 points from the highest to 118.2 last week and this week.
In the metropolitan area, Gyeonggi-do fell to 124.3 this week for two weeks in a row, but Incheon's index rose more to 114.0 than last week (110.3).
Although sentiment for buying apartments in Seoul and Gyeonggi has slightly lowered, experts analyze that it is too early to discuss a decline in house prices.
This is because a market with a dominant supply is still being formed, and the buying and selling price continues to rise.
According to a survey by the Real Estate Agency, apartment prices in Seoul this week rose 0.08% to the same rate as last week.
After the first week of this month (0.10%), the rate of growth slowed or remained flat for the third consecutive week, but it is still a high level approaching 0.10%.
Gyeonggi Province also maintained a high rate of increase of 0.42% both last week and this week.
Experts are paying attention to the effects of the Gwangmyeong-Siheung 70,000 New Town Plan announced on the 24th as a follow-up measure to this countermeasure rather than the second and fourth measures to increase housing supply by revitalizing urban maintenance projects.
KB Kookmin Bank's senior expert real estate expert Park Won-gap said, "There is a limit to the amount of supply that is determined by the level of private participation in the quantity proposed in the second and fourth measures. He said, "The new city facing Seoul will be able to absorb the demand for housing in the metropolitan area and Seoul."